After Amazon, Microsoft, and other major tech firms, IBM has announced plans to cut thousands of jobs as it looks to invest in faster-growing areas like artificial intelligence consulting and software, Reuters reported. The tech giant did not reveal exactly how many roles will be affected but said in a statement that the layoffs will impact “a low single-digit percentage” of its global workforce. IBM employed about 270,000 people worldwide at the end of last year.

Why is IBM cutting jobs?

“We routinely review our workforce and at times rebalance accordingly,” the company said in a statement, as cited by Reuters . “In the fourth quarter, we are executing an action that will impact a low single-digit percentage of our global workforce.” Despite the cuts, the company said its US headcou

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